What is ‘KHR’
The currency abbreviation or currency symbol for the Cambodian riel (KHR), the currency for Cambodia. The riel is made up of 100 sen and is often presented with the symbol (__). Although the riel has been used in two forms since its inception, no monetary system was used in Cambodia from 1975 to 1980.
Explaining ‘KHR’
The Cambodian riel was first seen in 1953 and was divided into 100 centimes. These were changed to sen in 1959, but the riel was discontinued under the Khmer Rouge in 1975. It was reincepted in 1980 and is still in use today, although U.S. dollars are also often used in urban and tourist areas.
Further Reading
- Capital structure decisions in a highly dollarized economy: Evidence from Cambodian firms – www.sciencedirect.com [PDF]
- Can economic policy uncertainty predict exchange rate and its volatility? Evidence from ASEAN countries – bmeb-bi.org [PDF]
- Foreign currency borrowing and risk-hedging behavior: Evidence from Cambodian households – www.sciencedirect.com [PDF]
- Purchasing power parity in a transition economy-Cambodia: Evidence from bilateral exchange rates – search.proquest.com [PDF]
- Dollarization and Dedollarization: The Typical Dilemma of Economy in Cambodia – papers.ssrn.com [PDF]
